Oliver Luxxe Assets LLC Buys New Stake in EPAM Systems, Inc. (NYSE:EPAM)

Oliver Luxxe Assets LLC purchased a new position in shares of EPAM Systems, Inc. (NYSE:EPAM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,077 shares of the information technology services provider’s stock, valued at approximately $1,889,000.

Several other large investors also recently modified their holdings of the stock. Pacer Advisors Inc. boosted its stake in EPAM Systems by 14,325.2% in the 2nd quarter. Pacer Advisors Inc. now owns 657,070 shares of the information technology services provider’s stock valued at $123,601,000 after buying an additional 652,515 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of EPAM Systems by 643.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider’s stock valued at $83,100,000 after purchasing an additional 361,363 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of EPAM Systems by 47,294.2% in the 2nd quarter. Acadian Asset Management LLC now owns 189,103 shares of the information technology services provider’s stock worth $35,560,000 after purchasing an additional 188,704 shares during the last quarter. Epoch Investment Partners Inc. increased its position in shares of EPAM Systems by 97.7% during the 2nd quarter. Epoch Investment Partners Inc. now owns 338,667 shares of the information technology services provider’s stock worth $63,707,000 after purchasing an additional 167,343 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in EPAM Systems by 45.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 515,351 shares of the information technology services provider’s stock valued at $102,570,000 after purchasing an additional 160,989 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

EPAM Systems Trading Up 0.3 %

NYSE EPAM traded up $0.58 on Monday, reaching $231.30. The company had a trading volume of 317,878 shares, compared to its average volume of 360,201. EPAM Systems, Inc. has a 52 week low of $169.43 and a 52 week high of $317.50. The stock’s 50 day moving average is $233.86 and its 200-day moving average is $210.69. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01. The stock has a market cap of $13.12 billion, a price-to-earnings ratio of 30.04, a PEG ratio of 3.87 and a beta of 1.50.

Wall Street Analysts Forecast Growth

EPAM has been the subject of several recent analyst reports. Piper Sandler raised their price objective on shares of EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Needham & Company LLC raised their price target on EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 8th. Mizuho boosted their price objective on EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Citigroup raised their target price on EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Finally, The Goldman Sachs Group upgraded shares of EPAM Systems from a “neutral” rating to a “buy” rating and upped their price target for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $267.84.

Insider Transactions at EPAM Systems

In related news, CFO Jason D. Peterson sold 464 shares of EPAM Systems stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total transaction of $119,248.00. Following the transaction, the chief financial officer now owns 24,372 shares of the company’s stock, valued at $6,263,604. This trade represents a 1.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Viktar Dvorkin sold 6,758 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the completion of the sale, the senior vice president now directly owns 13,000 shares of the company’s stock, valued at $3,334,890. The trade was a 34.20 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,222 shares of company stock worth $2,089,878. 4.30% of the stock is currently owned by company insiders.

EPAM Systems Company Profile

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.